Answer with proper explanation for all the parts with proper working notes:--

(b Willaimson Ltd has a place with a danger class for which the affirmed capitalization rate is 13.67%. It at present has extraordinary 6,00000 offers selling at 340/ - each. The firm is getting ready for announcement of profit of ' 56/ - per share toward the finish of the current monetary year. The organization hopes to have a net gain of ' 60,000/ - and has a proposition to make new ventures of '1,5000,000/ - . As under the M-M speculation the installment of profit doesn't influence the estimation of the firm, figure cost of offer toward the finish of monetary year, no. of offers to be given and estimation of firm independently in the accompanying circumstances :

(i)When profits are paid and

(ii)When profits are not paid.

2Accounting ideas depend on

a)Certain presumptions

b)Certain statistical data points

c)Certain bookkeeping records

d)Practice experience

3Business substance idea recognizes:

a)Individual and business

b)Business and business

c)Owne$

d)Debto$ and credito$

4.The expense idea records the figures at

a)Market esteems

b)Actual sum paid

c)Actual sum or market esteems whichever is less.

d)MRP greatest retail cost

5Going concern idea expects

a)Business as a dissolving concern

b)Business on savoring esteems

c)Business as a going concern

d)Asset = risk

6.Financial record give rundown of:

a)Asset

b)Liability

c)Accounts

7.Financial explanations are:

a)Estimates of aspects

b)Anticipated realities

c)recorded realities

8.Retained income proclamation portrays:

a)Appropriation of benefits

b)Estimates of benefits

c)Estimates of expenses

9.User of fiscal summary is:

a)Management

b)Credito$

c)Banke$

d)All of the abovementioned

10).Current responsibility does exclude

a)Sundry credito$

b)Acceptances

c)Unclaimed profit

d)Short term speculation